# Pound To Dollar: Five Day Forecast For The New Week | Exchange Rates UK

> Sterling slumped after a YouGov poll showed Labour within 9 points of the Conservatives, following voter backlash over proposed elderly social care changes. A later poll showed the gap narrowing to 5 points, and sterling fell to a six-week low. The article also cites a weaker-than-expected first-quarter GDP revision to 0.2%.

- Date: 2017-05-28 · published 2017-05-28T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/71247-pound-to-dollar-five-day-forecast-for-the-new-week-exchange-rates-uk
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Election polling and weak growth data are pushing sterling lower, which affects the cost of UK-sourced feed ingredients priced in dollars. The impact on global feed prices is small.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/18131/gbp-usd-exchange-rate-news-updates-and-currency-forecasts.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.